NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Calloway Real Estate Investment Trust ("Calloway" or the "REIT") (TSX:CWT.UN) announced today the voting results from its Annual and Special Meeting of Holders of Units and Special Voting Units (the "Meeting") held on Thursday, May 9, 2013 in Toronto, Ontario.

The total number of units and special voting units of Calloway ("Units" and "SVUs", respectively) represented by holders of Units and SVUs ("Unitholders") present in person and by proxy at the meeting was 62,196,756 Units and 25,921,534 SVUs, representing in total 62.77% of Calloway's issued and outstanding Units and SVUs. On a vote by a show of hands, Unitholders voted in favour of all items of business, including the election of each of the five trustee nominees proposed by management. The voting results for the election of trustees based on the Units and SVUs represented at the Meeting by proxies held by management or the trustees were as follows:

# Votes
For

% Votes
For

# Votes
Withheld

% Votes
Withheld

Huw Thomas

85,121,349

97.87

%

1,849,739

2.13

%

Jamie McVicar

81,241,064

93.41

%

5,733,724

6.59

%

Kevin Pshebniski

82,275,838

94.59

%

4,701,950

5.41

%

Michael Young

86,524,629

99.49

%

447,459

0.51

%

Garry Foster

86,803,131

99.80

%

171,657

0.20

%

Detailed voting results for the Meeting are available under Calloway's profile on SEDAR at www.sedar.com.

About Calloway

Calloway is one of Canada's largest real estate investment trusts with an enterprise value of approximately $6.7 billion. It owns and manages approximately 26 million square feet in 115 value-oriented retail centres having the strongest national and regional retailers, as well as strong neighbourhood merchants. Calloway's vision is to provide a value-oriented shopping experience to Canadian consumers. For more information on Calloway, visit www.callowayreit.com.